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Strategies & Market Trends : Fundamental Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (3330)	8/30/2013 8:44:32 AM
From: The Ox	Read Replies (1) \| Respond to of 4719

Apache sells Egyptian oil stake to Sinopec for $3.1 billion, forms global JV reuters.com U.S. oil and gas producer Apache Corp ( APA.N) is selling a 33 percent stake in its Egypt oil and gas business for $3.1 billion to state-owned Chinese oil giant Sinopec Group, reducing its exposure in the country amid the recent political unrest.Apache, which has been selling noncore assets globally to focus on U.S. onshore production and shore up its balance sheet, said it has also formed a global strategic partnership with Sinopec to jointly pursue upstream oil and gas projects. The Egypt deal would be the first step of the joint venture with Sinopec Group, parent of Sinopec Corp ( 0386.HK) ( 600028.SS) ( SNP.N), Apache said in a statement. Apache had said it was assessing the value of its Egyptian interests, which account for roughly a fifth of its global oil and gas production and 27 percent of its revenue last year.

To: The Ox who wrote (3330)	8/30/2013 8:53:43 AM
From: E_K_S	1 Recommendation Recommended By The Ox Respond to of 4719

Hi Ox - Re: GE This is good news. I have been getting several postcards alerting me of pending class action claims against GE. I have not taken the time to pursue and/or complete the requested documentation. Maybe the company sees that it's non-finance operations are growing again and making money. Now the prudent thing to do is spin off the finance unit along with any and all of those class claims. Maybe they settle those claims before a spin off but the wheels seem to be in motion and the long term holders should eventually see the true value in GE. EKS